Home Values

01020 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$167,400

  • 3.2% 1-year change
  • 1.3% 1-year forecast

The median home value in 01020 is $167,400. 01020 home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.3% within the next year. The median list price per square foot in 01020 is $134, which is higher than the Chicopee average of $129. The median price of homes currently listed in 01020 is $172,900 while the median price of homes that sold is $160,900. The median rent price in 01020 is $950, which is higher than the Chicopee median of $925.

Foreclosures will be a factor impacting home values in the next several years. In 01020 1.4 homes are foreclosed (per 10,000). This is lower than the Chicopee value of 1.7 and also lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 01020 is 7.9%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 01020 homeowners underwater on their mortgage is 16.5%, which is lower than Chicopee at 17.8%.

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Relative ZHVI
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01020 Market Overview

Data through Oct 31, 2014
  • $167,400 ZHVI
  • 1.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $172,900 Median listing price
  • $160,900 Median sale price (Sep 30, 2014)
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01020 Market Health

Data through Oct 31, 2014
  • 4.4/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 16.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

1.4 homes 01020
1.7 homes Chicopee
4.5 homes United States
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Nearby Zip Codes

Name Median ZHVI
01013 $156,900
01119 $134,500
01107 $116,300
Name Median ZHVI
01022 $113,800
01104 $112,700
01151 $111,500
Name Median ZHVI
01109 $110,700
01105 $85,800
 

Listings & Sales

Data through Oct 31, 2014
  • $134 Median list price / sq ft
  • $130 Median sale price / sq ft (Sep 30, 2014)
  • 59.0% Listings with price cut
28.5%
Sold below listing
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01020 Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,353 01020
    $1,336 Chicopee
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $950 Rent list price
  • $0.97 Rent list price / sq ft
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